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To: Terry Maloney who wrote (405943)5/30/2010 7:17:46 PM
From: Box-By-The-Riviera™  Respond to of 436258
 
i went to a presentation, where he could not account, by his own estimate, a 20% extreme in the oil price. he identified all sorts of things, that made a great deal of sense, but still could not get down to the bottom line of the disparity.

so i went up to him, and said, i know what the missing factor is. of course, since he didn't know me, right away, i lacked credability. i said, hot money. and when the hot money leaves the oil market, it will reduce the price accordingly to everything else you have said.

he completely blew me off.

guess what, that is exactly what happened.

none the less it was interesting.

but his shit is just not practical, let alone the issues of his "standing" as an oil guru...which by that single moment, discounts his authority greatly, if he ever had any.

an oil guy who got me in to the presentation, looked at me like i was crazy. but after that, guess what, he is the only guy virtually, with assets, that i know, who did the hard work, got himself educated, and so far, has saved himself from this crap. the only one. i give him a lot of credit for swimming the long distance he needed to swim, to get there.

one soul saved by the truth, is worth a million morons.